Permian Basin Royalty Trust (PBT) Lowers Monthly Dividend 2.3% to $0.10175; 6% Yield

November 18, 2011 12:01 PM EST
Permian Basin Royalty Trust (NYSE: PBT) declared a monthly dividend of $0.10175 per share, or $1.221 annualized. This is a 2.3% decrease from the prior dividend of $.104166.

The dividend will be payable on December 14, 2011, to stockholders of record on November 30, 2011, with an ex-dividend date of November 28, 2011.

The annual yield on the dividend is 6 percent.

This month's distribution decreased from the previous month as the result of a temporary interruption of down-line gas transportation on the Waddell Ranch gas plant.

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